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OPEC+ Decides to Increase Output from May
April 30, 2021
The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have agreed to move ahead with plans to moderately revive oil production from May 2021. The decision has been taken in the wake of the recovery of global
Inter Pipeline in Final Stages of Heartland Petrochemical Complex Completion, Canada
April 30, 2021
Inter Pipeline released updates on production capacity contracting, adjusted EBITDA guidance, and environmental advantages to its Heartland Petrochemical Complex (HPC). HPC, which is in the final stages of completion in Strathcona County, Alberta, will be an industry-leading petrochemical facility converting
North Dakota AG Files Motion to Intervene Over Dakota Access Pipeline
April 30, 2021
The state of North Dakota wants to join the lawsuit over the Dakota Access Pipeline so it can help defend the project. Attorney General Wayne Stenehjem filed a motion to intervene, saying the federal permitting agency that has defended the
U.S.-Canada Energy Trade Continues to Expand
April 30, 2021
Canada is growing ever more reliant on imported American oil, a new report from the country’s energy regulator suggests, putting a counter-intuitive spin on the fierce debate about cross-border pipelines and energy independence. The United States provided nearly four out
Pembina Pauses Development of Jordan Cove LNG Plant, Oregon
April 29, 2021
Canadian energy company Pembina Pipeline paused development of its proposed Jordan Cove liquefied natural gas (LNG) export plant in Oregon, according to an appeals court filing. In the filing, on Thursday, Pembina said it was assessing “the impact of recent
Senate Approves Reversal of Trump Rollback of Methane Emissions Rule
April 29, 2021
The U.S. Senate approved a measure to restore regulation of emissions of methane, a move Democratic Senate Majority Leader Chuck Schumer called a “big deal” in fighting climate change. The Senate approved the measure in a 52-42 vote. Schumer, along
Diamond Offshore Emerges from Bankruptcy
April 29, 2021
Diamond Offshore Drilling said it and its debtor affiliates emerged from their chapter 11 process after successfully completing a financial reorganization pursuant to their joint plan of reorganization. The restructuring significantly delevers the company’s balance sheet and provides substantial liquidity
Basic Energy Services to Sell Non-Core Assets for $6.6 Million
April 29, 2021
Basic Energy Services has entered into a purchase and sale agreement for the sale of certain non-core assets for a purchase price of $6.6 million, not including the assumption of certain capital leases with a remaining balance of approximately $0.7
Work Underway at We Energies’ Natural Gas Pipeline in Southeastern Wisconsin
April 29, 2021
A pipeline to deliver more natural gas to southeastern Wisconsin is cutting a path across Racine County in a project that has temporarily dotted the landscape with green pipeline segments. We Energies is building the 46-mile pipeline to bring enough
Six One Commodities Acquires Vega Energy Partners and WGL Midstream
April 28, 2021
Six One Commodities Global, a natural gas and power merchant backed by Pinnacle Asset Management has acquired Vega Energy Partners (VEP) and WGL Midstream. VEP is a Houston, Texas-based energy merchant that, in addition to managing the assets of WGLM,
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